Current Authorised Share Capital: ₹165,00,00,000 (165 crore) divided into 16,50,00,000 equity shares of ₹10 each
Proposed Authorised Share Capital: ₹175,00,00,000 (175 crore) divided into 17,50,00,000 equity shares of ₹10 each
Maximum fundraising amount: USD 50 Million (US Dollars Fifty Million) or equivalent
Cut-off date for voting eligibility: September 04, 2026
Dates of Action
Postal Ballot Notice Date: September 11, 2026
E-voting commencement: September 12, 2026 at 9:00 AM IST
E-voting conclusion: October 11, 2026 at 5:00 PM IST
Results declaration: On or before October 13, 2026
Parties Involved
E-voting service provider: National Securities Depositories Limited (NSDL)
Registrar & Share Transfer Agent: Adroit Corporate Services Private Limited
Scrutinizer: M/s. Nuren Lodya and Associates, Practicing Company Secretaries
Regulatory references: SEBI, RBI, Ministry of Corporate Affairs
Resolution Details
Resolution 1: Increase in Authorised Share Capital & Consequent Alteration of MOA
Ordinary Resolution required
Increase from ₹165 crore to ₹175 crore
Addition of 1,00,00,000 equity shares of ₹10 each
Requires alteration of Clause V of Memorandum of Association
Resolution 2: Increase in Investment Limits for FPIs and NRIs/OCIs
Special Resolution required
Increase NRI/OCI aggregate limit from 10% to 24% of paid-up equity share capital
Increase FPI aggregate limit from 24% to Sectoral Cap Percentage of paid-up equity share capital
Subject to RBI and other regulatory approvals
Resolution 3: Fundraising through QIP and/or FCCB and/or other permissible modes
Special Resolution required
Maximum amount: USD 50 Million or equivalent
Securities may include: FCCBs, equity shares, preference shares, GDRs, ADRs, or other convertible instruments
Funds intended for: long-term working capital, capital expenditure, technology infrastructure, R&D, product development, debt repayment, and general corporate purposes
Voting Procedure
Remote e-voting only through NSDL platform
Voting rights proportional to paid-up equity shares held as of September 04, 2026
Institutional shareholders must submit Board resolutions/authorization letters
Results will be announced on company website and NSDL website
Financial Impact
Potential equity dilution upon conversion of securities
Increase in authorized capital enables future fundraising
Foreign currency exposure through FCCB issuance
Specific financial impact not quantified in the disclosure
